TA sells Australia's Honan Insurance to global strategic player
TA Associates has agreed to sell Honan Insurance Group, an Australia-based insurance broker specializing in corporate risk, employee benefits, and strata and real estate insurance, to Marsh McLennan.
The size of the transaction was not disclosed, but Bloomberg reported that Marsh – an insurance broker subsidiary of Marsh McLennan – would pay USD 448m for 100% of Honan. TA acquired an 80% interest...
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